Implementation of an ERP system requires effective segregation of responsibility for
A)recording,risk assessment,and control procedures.
B)authorization,monitoring,and risk assessment.
C)recording and monitoring of organizational assets.
D)authorization,recording,and custody of organizational assets.

Question

Quizplus · Accepted Answer

Effective segregation of responsibility within an ERP system implementation is crucial to ensure that no single individual has control over all aspects of a transaction. This helps to prevent errors and fraud. The correct segregation includes authorization (deciding who has the power to make decisions), recording (keeping track of transactions), and custody (physical or operational handling of assets). This combination ensures checks and balances within the system.

Implementation of an ERP System Requires Effective Segregation of Responsibility